Enagas, NaTran, and Terega to form a joint venture.

Enagas, an energy company; NaTran, a high-pressure gas transportation operator company; and Terega, a utility services provider, agreed to form a JV focused on the cross-border renewable hydrogen subsea pipeline that will connect Barcelona, Spain, to Marseille, France. The shareholding is distributed as follows: EIH-Enagas with 50%, NaTran with 33.3%, and Terega with 16.7%. Financial terms are not disclosed. “The creation of this joint company embodies our collective commitment and determination to deliver this vital energy infrastructure for Europe. This marks the beginning of a new operational phase that will allow us to tackle the technical and regulatory challenges with an integrated team and a common goal: making H2med a reality,” Arturo Gonzalo, Enagas CEO.